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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 133,006 $ 116,808 $ 138,454
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 30,244 27,817 29,276
Amortization of deferred drydock expenditures 3,636 3,542 4,161
Share-based compensation 4,650 3,217 3,057
(Gain) / loss on vessels sold (12,322)   6,917
Amortization of deferred finance fees 1,138 1,237 1,461
(Gain) / loss on extinguishment (1,432)   1,576
Unrealized (gains) / losses on derivatives (655) 262 (2,961)
Operating lease ROU - lease liability, net 47 52 2
Loss from equity method investments 4,514 1,035 195
Deferred drydock payments (6,481) (12,280) (1,913)
Changes in operating assets and liabilities:      
Receivables (4,640) 23,610 (59,559)
Prepaid expenses and other assets 49 174 (1,010)
Advances and deposits 3,824 (4,673) 1,391
Inventories 1,250 3,160 (4,623)
Accounts payable 4,054 (4,410) (1,612)
Accrued expenses and other liabilities (165) 855 10,033
Deferred revenue 135 (873) (850)
Accrued interest (407) 76 212
Net cash provided by operating activities 160,445 159,609 124,207
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of vessels 26,829   39,912
Payments for acquisition of vessels and vessel equipment, including deposits (61,020) (20,562) (1,335)
Advances for ballast water treatment and scrubber systems   (4,822) (2,473)
Payments for other non-current assets (432) (208) (106)
Proceeds for equity investments 1,650    
Proceeds / (payments) for equity investments   (1,244) (588)
Net cash (used in) / provided by investing activities (32,973) (26,836) 35,410
CASH FLOWS FROM FINANCING ACTIVITIES      
Prepayment of finance lease obligation     (166,580)
Proceeds from long term debt     131,884
Proceeds from revolving facilities (104,864)    
Repayments of long-term debt (1,678) (84,007) (148,245)
Repayments on revolving facilities (111,194)    
Repayments of finance leases (42,262) (1,976) (13,675)
Payments for deferred finance fees (200)   (3,505)
Payment of common share dividends (45,079) (47,154)  
Issuance of common stock, net     38,909
Repayment of preferred stock (10,000)    
Net cash (used in) financing activities (127,289) (136,537) (164,497)
Repurchase of common stock (17,935)    
Payment of preferred share dividends (3,805) (3,400) (3,285)
Net increase / (decrease) in cash and cash equivalents 183 (3,764) (4,880)
Cash and cash equivalents at the beginning of the year 46,805 50,569 55,449
Cash and cash equivalents at the end of the period 46,988 46,805 50,569
Cash paid during the year for:      
Cash paid during the period for interest in respect of debt 4,547 7,957 5,739
Cash paid during the period for interest in respect of finance leases 1,500 3,718 11,559
Cash paid during the period for income taxes 112 537 51
Non-cash financing activity. Non cash conversion from term loan to revolving facility 44,200    
Non-cash operating activity: ROU / lease liability increase in respect of time-charter extensions 7,327    
Non-cash financing activity: Accrued preferred dividends 433 578 578
Non-cash investing activity. Accruals during the period in respect of ballast water treatment systems and scrubber systems 194 765 (887)
Time charter      
Cash paid during the year for:      
Cash paid during the period for operating lease liabilities (offices) 14,859 13,744 5,982
Office Space      
Cash paid during the year for:      
Cash paid during the period for operating lease liabilities (offices) $ 689 $ 881 $ 719